Miami

Developer Moves Forward with Plans for 7,500-Unit Mixed-Use Development and New Tri-Rail Station in Miami’s Little River District

Swerdlow Group, led by veteran developer Michael Swerdlow, is moving forward with plans to transform the Little River District in Miami’s Little Haiti neighborhood. The proposed development, spanning approximately 63 acres, will include 7,500 residential units, combining affordable, workforce, and market-rate housing. Swerdlow’s vision for the area builds on his experience in creating higher-end affordable housing, similar to his recently completed Sawyer’s Walk project in Overtown.

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$77.8 Million Loan Secured for Short-Term Rental Condominium Project in Miami’s River District

Forman Capital, a private direct real estate lender, has provided a $77.8 million loan to finance the construction of River District 14, a short-term rental condominium project in Miami. Developed by Alta Development, the project will be situated on a 1.3-acre site at 1420 NW 14th Ave., near the Miami River. Construction is set to commence before the end of the year.

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